Archive for the 'Small Business Lending Fund' Tag Under 'Jan Norman' Category

California banks have increased their small-business lending by $296 million since receiving money from the Small Business Lending Fund, the U.S. Dept. of Treasury said.

The SBLF was created in the Small business Jobs Act of 2010. It has given $4 billion to 332 institutions in 48 states. Orange County participants include Partners Bank of California in Mission Viejo and Capital Bank of San Juan Capistrano.

More than 80% of recipient banks increased their small-business lending, according to the latest SBLF report.

"This report shows that the Small Business Lending Fund is having a powerful impact," said Neal Wolin, deputy secretary of the Treasury.